The Swiss franc fell against the euro on Monday as an easing in the euro zone's manufacturing downturn lifted the single currency. PMI data published on Monday showed a marked improvement in business surveys from the eurozone's big four economies, even though activity is still sluggish.
The franc fell 0.3 percent against the euro to trade at 1.2444 by 0924 GMT compared to the New York close. The franc was flat against a broadly weaker dollar at 0.9545 but still close to a three-week low hit on Friday. The franc, seen as a safe haven, weakened against the euro in May on easing concern about the outlook for the euro zone and it fell to a two-year low against the single currency on May 22.